All Forum Posts by: Nilton Santos

@Dustin P.

Hi Dustin, thank you so much for the advice.

At this stage I've secured 3 private lender offers with pretty competitive (short) terms.

So the next step is, as you suggested to network with people in the Phoenix area.

Nilton.

@Tom Ott Will do.

@John Thedford  Thanks for the honest feedback. Much appreciated. Other areas/states you'd suggest?

@Kevin Dong Thanks for the honest feedback. Much appreciated. Other areas/states you'd suggest?

@Dennis Canon Thanks for reaching out. In light of what I read here it's clear that with my budget I'll have to do a JV. So, yes, I'm interested in partnering. Please PM the details. Thanks.

@Wes Blackwell Thanks for echoing and validating Bob's point. Do you have access to HMLs (or potentially other partners) willing to work with a new investor in the Phoenix are? It's clear to me now that the only realistic way I'll make this a success if to JV/equity partner with someone else.

@Bob Okenwa That's really sound advice. Many thanks! Will PM you!

I'm a new real state investor from out-of-state who is considering investing in fix-and-flips in the Fort Lauderdale area. 

I've got flexibility from my "day job" to work from anywhere (I'm a remote worker) so I'm willing to be on the ground to make this a successful business. Additionally, being out of state, I'm planning on networking as much as possible with locals (via BP, local meetups, real state investment clubs, etc.) to get a "good pulse/feel" for the local market before my first deal.

I've got the following questions:

1) How realistic is it to find great deals (net ROIs > 30%) with $150K total to invest in Fort Lauderdale? With this kind of cash I'd have to target the low end of the market (under $100K) which, in general, is where there is fierce competition;

2) Would you recommend targeting more affordable markets such as Tampa and Jacksonville to increase my chances of success? 

3) How realistic is it to make this a success given that I'm out-of-state? I figure a considerable learning curve is need to learn the local market and establish trusted relationships.

Thanks in advance for your answers!

Hi all,

I'm a new real state investor from out-of-state who is considering investing in fix-and-flips in the Phoenix area. The main reason for Phoenix is that, based on my research, the area seems great (read average ROIs > 30%) for flips right now, despite the fierce competition. 

I've got flexibility from my "day job" to work from anywhere (I'm a remote worker) so I'm willing to be on the ground to make this a successful business. Additionally, being out of state, I'm planning on networking as much as possible with locals (via BP, local meetups, real state investment clubs, etc.) to get a "good pulse/feel" for the local market before my first deal.

My question are:

1) how realistic is it to find great deals (net ROIs > 30%) with $150K total to invest? I figured with this kind of cash I'd have to target the low end of the market (under $100K) which, in general, is where there is fierce competition;

2) how realistic is it to make this a success given that I'm out-of-state? I figure a considerable learning curve is need to learn the local market and establish trusted relationships.

What are your thoughts?

Thank you all in advance for your answers!

Once again thank you all for the awesome and really useful comments. I do know that it's usually an over simplification to generalize things, but just to get a rough idea, would you all agree that if would be somewhat accurate to say that a) the Midwest (e.g. Cleveland area) are great for cash flow rentals whereas the sunbelt areas in general (e.g. Texas (e.g. Houston, Dallas, Austin) and Florida (Tampa, Jacksonville)) are great for equity rentals (not necessarily cash-flow)?

@Tom Ott "You just need to find the right properties in the right neighborhoods." Indeed! so, as you can see, I'm ready to go. I'd like to get in touch with you to get more insider info. I'm really liking what I'm hearing in terms of down payments, ROIs and, specially, cash flows. My initial goal is definitely cash flow. Later, equity. Ideally both, off course!